We are very much aware of how difficult it is for you people to choose a perfect career option in the present time as there are fewer jobs and too much competition .so, here we welcome you to our new blog where we will talk about a profession in which you can start earning a handsome amount of money during your college days with so much ease. You guessed it right, it is Stock Market trading. If you want to know about trading in the stock market and the best online trading app, then you are in the right place because in this blog we will be discussing the best trading app in India 2021, what is stock trading, etc. so let’s begin.
What is Stock Trading?
Stock market trading involves buying and selling stocks also known as shares of a company. This means when a person invests in a share market he partially owns a small share in the capital of the company and tracks the performances of the firm through which he can decide whether to sell the share or not to gain profit.
How Does The Stock Market Work?
The conceptual working process of the stock market is quite simple. The stock market allows the buyers and sellers to settle the share price and make trades. The Stock market works on a network exchange process in which companies list their shares to raise money and grow business on an exchange to the public through a process named Initial public offering (IPO).
If you are a newbie and you want to start trading for yourself then you’ll find several apps for trading online on the play store but how you can choose the right one is kind of a tough task. Don’t worry we are here to help you with this and tell you how to choose the best stock market app in India 2021.
Key Features To Choose The Best Trading App in India 2021
To choose the best trading app in India 2021 you should keep some points in your mind which will help you to decide between the lots of trading apps which you should choose.
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Compatibility of OS on Mobile Phones:
For better functioning of the trading App, it is very necessary to make sure that the app you choose, whether it is compatible with your Device OS or not.
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Good User Experience:
Good user Experience is very necessary for the easy operation of the app for beginners.
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Tools for Technical Analysis:
These will help you to execute a perfect trade more accurately and make your prediction strong towards the stocks.
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Maximum No. of Downloads:
Maximum no. download tells you whether the app is trustworthy or not and popular among people at the same time. As it builds up the trust for the app.
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Best Reviews and Ratings:
It helps you know the App better through the experience of the other users either the App is fraudulent or not and any other payments-related issues.
These are the basic requirements for online trading apps you should consider while choosing your ideal app.
Now let’s move further to the top trading app in India in 2021.
Top 8 Trading Apps in India in 2021
1. Upstox Pro Trading App:
Upstox is known as the best trading app among beginners to start trading. It was launched in 2011 and till now it highly contributed to this industry. The Upstox company allowed traders to avail more leverage and trade in more volume through its program. And in 2016 the Upstox launched its mobile version which is Upstox pro to bring trading to your fingertips. And its user interface is also very catchy and easy to understand.
It allows you to trade in shares, equity, and currencies. Its additional features include watchlists, price notification, etc. it also includes charges for trading which is Rs. 20 for intraday and futures options trade however it doesn’t charge any brokerage fees.
Pros And Cons
Pros
- Better user interface.
- Allows you to trade directly from charts.
- Price notification and customized watchlists.
- More than 100 technical analyses.
- Provides historical data.
Cons
- Back office app not available.
- No other way to check the linked bank details.
System Requirement and Additional Information:
| Requires Android | 5.0 and Up |
| Size | 22MB |
| Total Installation | 10,000,000+ |
| Rating | 4.5 |
| Current Version | 3.20.10 |
2. Zerodha Kite App:
Another one of the best trading app in India in 2021 for investing in the stock market. Zerodha started in 2010 and over the years it has done a fabulous job in providing the traders more options to trade. It allows you to trade in NSE, BSE, MCX, ETC. Zerodha also has the mobile Application known as Zerodha kite which has a nice user interface and through my personal experience while trading on Zerodha I want to tell you that it provides the best in class transparency while making a trade through the app and also allows backs you up with the candlestick charts for better prediction and technical indicators.
Pros And Cons
Pros
- Advanced real-time charts.
- Allows the user to set unlimited price alerts.
- Support with multiple watchlists
- Provides historical Data.
Cons
- Sometimes terminal gets pretty sluggish.
System Requirement and Additional Information:
| Requires Android | 5.0 and Up |
| Size | 24MB |
| Total Installation | 5,000,000+ |
| Rating | 4.0 |
| Current Version | 3.2.9 |
3. 5 Paisa Trading App:
It is the most affordable app one can use for Trading. It was started in 2016 and it allows you to trade in stocks, bonds, securities, gold, mutual funds, currencies, etc. 5 paisa charges in different ways i.e., in the Optimum plan the charges are Rs 20 per intraday trade and delivery, for the platinum plan the charges are Rs 10 per intraday order and delivery, for Rs 499 for a month, and at last in the Titanium plan, you have to pay Rs 10 per intraday trade and zero for the delivery, for Rs 999 per month.
Pros And Cons:
Pros
- The easiest account opening process.
- More than 100 predefined share screeners.
- Real-time update from NSE and BSE.
Cons
- Works only on High-speed Internet.
- No 15 mins Time frame.
System Requirement and Additional Information:
| Requires Android | 4.4 and Up |
| Size | 30MB |
| Total Installation | 5,000,000+ |
| Rating | 4.2 |
| Current Version | 4.3.1 |
4. Angel Broking Trading App:
Angel Broking app is one of the top-ranked Stock Market App in India. This App allows you to invest in equity, commodities, and currencies. However, this broker company was launched in 1996 in India and introduced its mobile app in 2011.
This app allows you to view multiple intraday charts and their real-time price and also provides you access to the last ten transaction of the ledger, funds.
Pros And Cons:
Pros
- Provides advisory calls and research reports.
- User-friendly interface.
- Comes with an ARQ tool.
- Display other trade live updates.
Cons
- IPO investments not supported.
- Slow working process.
- Less than 100 technical indicators.
System Requirement and Additional Information:
| Requires Android | 4.4 and Up |
| Size | 44MB |
| Total Installation | 10,000,000+ |
| Rating | 4.1 |
| Current Version | 41.5.1 |
5. Edelweiss Trading App:
Edelweiss started business in 2008 and it is known for its advisory services related to investment. Through my personal experience, it helped me in capitalizing on excellent market opportunities. Besides that, it helped me to use real-time streaming prices of stocks and current charts. It nearly helped around 12,00,000 of its customers. This app allows you to trade in Equities, mutual funds, gold, currencies, stocks, IPOs, and stocks.
Pros And Cons
Pros
- Free call and trade.
- Biometric login.
- Compatibility with all devices.
Cons
- Limited technical indicators
- Due to high memory consumes more space in mobile phones.
- Brokerage charges are high compared to other brokers.
System Requirement and Additional Information:
| Requires Android | 4.1 and Up |
| Size | 51MB |
| Total Installation | 1,000,000+ |
| Rating | 4.4 |
| Current Version | 4.1.37 |
See More: Money Making Apps in India
6. IIFL Market Trading App
This app is around us since 2009, and it allows us to trade in Equity, commodities, and currencies, etc. the iOS version of this app is heavier than compared to the android version. This is one of the best apps for beginners as it helps you to research data for better and accurate trading.
This application lets you create multiple watchlists and the best part is that this app provides you the best-personalized assistance in trading to its customers. However, the brokerage is quite on the upper end compared to other discounted brokers around us.
Pros And Cons
Pros
- Supports IPO trade.
- Dual stock watch.
- Lightweight android app.
- Free trading tips.
- Support trading in NSE and BSE.
Cons
- the iOS app is larger than the android version.
- Logs out automatically after every 15 mins of inactivity.
- Higher brokerage.
System Requirement and Additional Information:
| Requires Android | 6.0 and Up |
| Size | 20MB |
| Total Installation | 5,000,000+ |
| Rating | 4.3 |
| Current Version | 5.15.7.0 |
7. Groww App:
Groww app initially started as mutual funds investment platform in 2016 and in mid-2020 it expanded itself by introducing Equity trading, digital gold, US stocks, and Fixed deposit as other options for investment for their Customers.
Grow app charges lower fees of Rs 20 and 0.5 % per trade executed. However, it doesn’t charge any fees for mutual funds investment.
Pros And Cons
Pros
- Zero Commission direct mutual funds.
- Instant paperless online account opening.
- Provides investment options in US stocks and corporate FD.
Cons
- No call and trade services.
- No branch support.
- No Margin trade facility.
System Requirement and Additional Information:
| Requires Android | 5.0 and Up |
| Size | Varies with device |
| Total Installation | 10,000,000+ |
| Rating | 4.3 |
| Current Version | 14.38 |
8. OctaFX Trading App:
This app provides an easy and flexible trading platform for all kinds of traders. It also provides a trading support team and copy-trading function for beginners to learn trading faster. It is a multi-award-winning broker that provides traders across the globe the flexibility of trading in forex, cryptocurrencies, stocks, commodities, currencies, etc.
OctaFX trading aims to maintain high standards of trading environment and transparent trading conditions for every trader.
Pros And Cons
Pros
- Sophisticated trading platform.
- Commission-free accounts.
- Various funding options.
Cons
- No US or UK clients.
- Limited trading instruments.
System Requirement and Additional Information:
| Requires Android | 5.0 and Up |
| Size | 34MB |
| Total Installation | 10,000,000+ |
| Rating | 4.2 |
| Current Version | 2.5.29 |
Conclusion:
Here we discussed all the best trading app in India 2021 and their features with pros and cons, but personally, from my experience, I would suggest you start your trading with the Zerodha Kite app because it has good transparency and better customer reviews. Please note that Trading involves so much risk in investments so it is prior advice to go through all the facts, data, and history before making any investment. For further new updates please stay tuned.
I am using the Zerodha Kite app for a long time and I believe it is a good app mainly for the first-time stock market investors. It is user-friendly and opening an account with them is simple and easy.